Walmart is closing 269 stores and laying off thousands of employees.
The move will affect more than 16,000 employees, including 10,000 in the US.
The closings include 154 locations in the US — 102 of which are the company’s smallest stores, called Walmart Express, which have been in pilot since 2011.
Walmart is closing the stores to shift resources to Walmart’s Supercenters and smaller-format Neighborhood Market stores.
Walmart will also shut down 23 Neighborhood Markets, 12 Supercenters, seven stores in Puerto Rico, six discount centers, and four Sam’s Clubs, reports Business Insider.
Tennessee Walmarts Closing:
400 North Main St., Cornersville, TN
4718 Nashville Hwy, Chapel Hill, TN
523 N Military St., Loretto, TN
400 North Main St., Cornersville, TN
1220 Gallatin Ave., Nashville, TN
These five stores are projected to close by January 28th.
Employees who aren’t hired by nearby locations will get 60 days of pay and severance if eligible, as well as résumé and interview skills training, the company said.The company said it would try to place laid-off employees at other Walmart stores.
Read the entire report from Business Insider here.
